Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
“Give blue-eyed men their swivel chairs
To whirl in tall buildings.
Allow them many ships at sea,
And on land, soldiers
And policemen.”
—Arna Bontemps (1902–1973)
“For what shall it profit a man, if he shall gain the whole world, and lose his own soul?”
—Bible: New Testament Jesus, in Mark, 8:36.
“Every diminution of the public burdens arising from taxation gives to individual enterprise increased power and furnishes to all the members of our happy confederacy new motives for patriotic affection and support.”
—Andrew Jackson (1767–1845)